At the 17th Meeting of the 4th Board of Directors, held on 20 Aug 2008, the following proposals were examined and approved:

1. the 2008 Semiannual Report and its Abstract as well as the Financial Performance Announcement
2. the 2008 Semiannual Working Report of the President
3. the 2008 Semiannual Final Accounting Report
From January 2008 to June 2008, the company's revenue was RMB 19,728,984,000 and net profit was RMB 557,386,000.

4. to apply for a total of USD 220 mln in lines of credit with Bank of China, Standard Chartered Bank (China), ABN AMRO Bank N.V. (China), HSBC Bank (China) and China Everbright Bank
5. to purchase liability insurance for directors, supervisors and senior managers of the company for an additional year
6. to accept the resignation of Li Liuhong from her position as Compliance Officer and appoint Li Fei and Xu Yulong as her replacement
7. to invest RMB 200 mln in Aerospace Technology Investment Holdings Limited for shareholding

Board of Directors
21 Aug 2008


Source: Securities Times

Date: 21 Aug 2008

CN01/SC/LZ/BT/KM